Can I retire at age 65 with 12,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,000,147
2 years$527,361$517,540$508,021$498,792$489,840$461,322
3 years$348,082$338,218$328,723$319,581$310,775$283,149
4 years$258,460$248,626$239,226$230,240$221,647$195,126
5 years$204,701$194,926$185,649$176,846$168,493$143,149
6 years$168,873$159,172$150,032$141,425$133,322$109,180
7 years$143,292$133,672$124,678$116,274$108,427$85,486
8 years$124,114$114,582$105,736$97,539$89,951$68,200
9 years$109,207$99,764$91,071$83,082$75,751$55,169
10 years$97,287$87,937$79,398$71,617$64,544$45,104
11 years$87,542$78,285$69,900$62,328$55,510$37,181
12 years$79,426$70,265$62,035$54,670$48,104$30,851
13 years$72,564$63,499$55,424$48,266$41,947$25,734
14 years$66,688$57,718$49,799$42,845$36,771$21,557
15 years$61,600$52,727$44,962$38,210$32,376$18,122
16 years$57,152$48,376$40,764$34,213$28,614$15,279
17 years$53,231$44,552$37,094$30,740$25,371$12,912
18 years$49,750$41,168$33,862$27,703$22,559$10,934
19 years$46,639$38,154$30,999$25,032$20,107$9,275
20 years$43,843$35,455$28,449$22,671$17,960$7,878
21 years$41,316$33,025$26,168$20,576$16,072$6,700
22 years$39,022$30,828$24,118$18,708$14,407$5,703
23 years$36,931$28,832$22,268$17,038$12,932$4,859
24 years$35,017$27,014$20,595$15,539$11,624$4,143
25 years$33,258$25,351$19,075$14,192$10,460$3,535
26 years$31,638$23,826$17,691$12,976$9,422$3,017
27 years$30,140$22,423$16,427$11,877$8,494$2,576
28 years$28,751$21,129$15,271$10,882$7,665$2,201
29 years$27,461$19,933$14,211$9,979$6,921$1,881
30 years$26,259$18,825$13,237$9,158$6,254$1,608
31 years$25,136$17,796$12,341$8,411$5,654$1,375
32 years$24,086$16,838$11,514$7,730$5,114$1,176
33 years$23,102$15,946$10,751$7,108$4,628$1,005
34 years$22,178$15,113$10,045$6,540$4,190$860
35 years$21,308$14,335$9,391$6,021$3,795$736
36 years$20,488$13,606$8,785$5,545$3,439$630
37 years$19,715$12,922$8,223$5,109$3,117$539
38 years$18,984$12,281$7,700$4,709$2,826$461
39 years$18,292$11,678$7,214$4,342$2,562$395
40 years$17,636$11,111$6,762$4,005$2,324$338
41 years$17,014$10,576$6,341$3,695$2,109$289
42 years$16,424$10,072$5,948$3,410$1,913$247
43 years$15,862$9,597$5,581$3,148$1,736$212
44 years$15,327$9,148$5,239$2,907$1,576$181
45 years$14,817$8,723$4,919$2,684$1,431$155
46 years$14,332$8,322$4,620$2,479$1,299$133
47 years$13,868$7,941$4,341$2,291$1,180$114
48 years$13,424$7,581$4,079$2,117$1,071$97
49 years$13,001$7,240$3,834$1,956$973$83
50 years$12,595$6,916$3,605$1,808$884$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,900,000, adding $3,652 every year, while hoping to spend $53,372 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 50/43/7 Blend
64$12,900,000$12,900,000$12,900,000$12,900,000
65$14,219,567$13,535,867$13,335,917$14,905,112
66$15,613,175$14,142,337$13,725,883$15,979,269
67$17,147,143$14,776,735$14,127,124$17,139,804
68$18,835,730$15,440,374$14,539,961$18,399,567
69$20,694,650$16,134,628$14,964,725$19,767,860
70$22,741,217$16,860,937$15,401,756$21,254,897
71$24,994,508$17,620,810$15,851,401$22,871,897
72$27,475,546$18,415,828$16,314,022$24,631,181
73$30,207,495$19,247,647$16,789,985$26,546,288
74$33,215,881$20,118,003$17,279,670$28,632,091
75$36,528,829$21,028,713$17,783,468$30,904,938
76$40,177,334$21,981,684$18,301,778$33,382,794
77$44,195,546$22,978,911$18,835,012$36,085,406
78$48,621,100$24,022,486$19,383,593$39,034,486
79$53,495,466$25,114,601$19,947,957$42,253,904
80$58,864,339$26,257,552$20,528,549$45,769,906
81$64,778,076$27,453,747$21,125,830$49,611,359
82$71,292,166$28,705,707$21,740,272$53,810,008
83$78,467,755$30,016,075$22,372,359$58,400,772
84$86,372,224$31,387,620$23,022,590$63,422,063
85$95,079,822$32,823,244$23,691,479$68,916,140
86$104,672,370$34,325,990$24,379,550$74,929,497
87$115,240,033$35,899,044$25,087,345$81,513,289
88$126,882,165$37,545,746$25,815,421$88,723,810
89$139,708,257$39,269,598$26,564,348$96,623,009
90$153,838,959$41,074,269$27,334,713$105,279,062
91$169,407,227$42,963,602$28,127,121$114,767,007
92$186,559,575$44,941,629$28,942,189$125,169,434
93$205,457,455$47,012,573$29,780,557$136,577,256
94$226,278,787$49,180,860$30,642,876$149,090,551
95$249,219,631$51,451,130$31,529,821$162,819,491
96$274,496,045$53,828,247$32,442,081$177,885,365
97$302,346,117$56,317,306$33,380,366$194,421,713
98$333,032,217$58,923,651$34,345,406$212,575,562
99$366,843,475$61,652,881$35,337,948$232,508,803
100$404,098,502$64,510,866$36,358,762$254,399,696